Romanian agri-foodstuffs trade posts over EUR 104 M in 2-month surplus

The Romanian agri-foodstuffs trade balance posted EUR 104.2 million in surplus in the two months of 2014 as compared to EUR 169.2 million worth of deficit in last January and February, show figures communicated by the Ministry of Agriculture and Rural Development to Agerpres. Romania, in the two months, shipped agricultural produce worth a total EUR 814.2 million, up by 54.3 percent (EUR 286.6 million) from the same period in 2013; such shipments included deliveries to the European Union countries and exports to other countries. Imports totalled EUR 710 million in the two months, slightly up by 1.9 percent from January-February 2013. According to the ministry, four products contributed to the significant increase in the export revenues, namely maize, wheat, cigarettes and sunflower seeds, which accounted for 63 percent of overall revenues.
The main agri-foodstuffs imported by Romania in January and February of 2014 included pig meat, sunflower seeds, citrus fruit, animal food, chocolate and raw tobacco.
The EU was the main partner of the Romanian agricultural trade, with the Romanian exports of agri-foodstuffs to the bloc accounting for 57.6 percent in the two months, while imports from the EU members accounted for 82.6 percent.
Romania last year managed for the first time in 20 years to record more than EUR 300 million in surplus in the agri-foodstuffs trade, as compared to nearly EUR 800 million deficit in 2012. Romania last year exported agri-foodstuffs amounting to more than EUR 5.098 billion, by EUR 1.183 billion more than in the prior year (plus 30.2 percent) and ended the year in nearly EUR 325 million plus to the relevant trade balance.

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